Angel One has been penalized ₹3,00,000 by SEBI due to violations of Stock Broker Regulations and circulars issued by SEBI and NSE. The violations were identified during a thematic inspection focusing on authorized persons using a large number of trading terminals for proprietary trades. The inspection period spanned from January 1, 2024, to June 30, 2024.
SEBI Imposes Penalty
Angel One has received an order from the Securities and Exchange Board of India (SEBI) imposing a penalty of ₹3,00,000. The penalty arises from non-compliances observed during a SEBI and NSE inspection. The order, dated November 11, 2025, follows a show cause notice issued on June 12, 2025.
Inspection Findings
The thematic inspection conducted by SEBI and NSE focused on the use of trading terminals by authorized persons (APs) for proprietary trading. An on-site inspection of one of Angel One’s APs, Mr. Ashwin Thakkar, was conducted on July 30, 2024, covering the period from January 1, 2024, to June 30, 2024.
Violations Observed
The inspection revealed several non-compliances, including the operation of terminals by unapproved users, non-availability of terminals at reported locations, APs dealing with other APs of the company, and inadequate supervision of APs. These observations led to the penalty under Section 15HB of the SEBI Act, 1992.
Impact Assessment
The company believes that this order does not have any material financial or operational impact on the activities of the company.
Source: BSE
